The Director of JCBL Ltd, Mr Rishi Aggarwal, said the new plant spread over 5,000 square feet would be an assembly line exclusively for the super luxury King long coaches.
Mr Rishi Aggarwal, Director, JCBL Ltd, said the company started with a capital investment of Rs 4 crore in early 90s, and had registered an annual turnover of Rs 48 crore last year.
It had emerged as a market leader in the organised sector in the manufacture of bus bodies and cargo boxes.
It manufactured 1500 buses every year.
is rated as the biggest Asian bus manufacturer with an annual supply of over 10,000 buses.
said these buses would have more power, greater comfort and quieter operation.
The buses would be priced at a much lower price than other imported buses and their Indian counterparts.
said the domestic market was of around 20,000 buses, and was growing at a rate of over 20 per cent. However, it was unfortunate that so far Indian manufacturers had been producing the same chassis for trucks and buses.
The philosophy of the company is to provide mobility solutions of world standards, keeping in line with the stringent quality standards like ISO 9001 & TS 16949, its director Rishi Aggarwal said in Chennai during the launch.
has a strong customer base comprising leading OEMs and prime fleet operators in the country, he
said, adding that with a vision to maintain its leadership in the market the company is working towards achieving a 50 per cent market share in the organised sector in the current fiscal year 2004-2005.